Impressive Performance Propels National Vision Holdings Inc (EYE) with 23.48% Last Month
National Vision Holdings Inc (NASDAQ: EYE) showcased its prowess last month with a remarkable performance, boasting a 23.48% increase in value. Starting off on November 21, 2023, at a price of $19.29, the stock experienced slight fluctuations throughout the day, reaching a high of $19.53 and a low of $19.24 before settling at a closing price of $19.59. Over the past 52 weeks, EYE has traded within a range of $13.71 to $43.82.
The Consumer Cyclical sector has witnessed this company’s sales surge by an impressive 8.23% annually over the last half of the decade. However, its average annual earnings per share saw a drop of -13.01% during the same period. With a float of $76.84 million, National Vision Holdings Inc now has outstanding shares worth $78.99 million.
Efficiency is a crucial aspect of any organization, and National Vision Holdings Inc is no exception. The company boasts a gross margin of +48.86, an operating margin of +3.04, and a pretax margin of +3.03, indicating solid profitability.
Now shifting our focus to large-scale investors, we see that the insider ownership of National Vision Holdings Inc stands at 1.80%, while institutional ownership reaches an impressive 103.12%. In terms of recent insider transactions, the most notable include a purchase of 17,609 shares by a Director on May 23, bringing their total ownership to 148,880 shares. In a separate transaction on May 22, another Director purchased 22,861 shares for $585,013, now owning a total of 131,271 shares.
In the latest quarterly report released on September 29, 2023, National Vision Holdings Inc reported earnings per share (EPS) of $0.15. This figure surpassed the consensus estimate of $0.09 by $0.06. The company achieved a net margin of +2.10 and generated a return on equity of 4.61. Analysts on Wall Street anticipate earnings of $0.37 per share in the next fiscal year.
Looking ahead, analysts project a decline in earnings per share for the next fiscal year, estimated at -13.01% per share. However, they predict a 7.70% surge in EPS over the next five years, a significant improvement compared to the previous five years’ drop of -5.48%.
Examining National Vision Holdings Inc’s current performance indicators, we find that the stock had a quick ratio of 1.02 last quarter. Furthermore, the company’s price to sales ratio for the trailing twelve months stands at 0.73, while its price to free cash flow for the same period is 39.28.
Over the past five days, the stock’s volume was 1.19 million, slightly lower than the volume of 1.37 million reported during the same period last year. As of the previous nine days, the stock’s Stochastic %D stood at 87.29%, indicating a level of stability. The Average True Range for the stock was 0.79.
During the past 100 days, National Vision Holdings Inc’s raw stochastic average was 50.68%, a significant decrease from 91.27% over the past two weeks. The stock also exhibited higher historical volatility, with 62.71% in the past 14 days, compared to 57.74% volatility over the past 100 days.
At present, the stock’s 50-day Moving Average is $16.36, while its 200-day Moving Average is $21.79. In terms of resistance levels, the stock’s first resistance to watch stands at $19.61, followed by a second resistance at $19.72, and a third major resistance level at $19.90. On the other hand, if the price breaks the first support level at $19.32, it may drop further to the second support level at $19.14, and finally to the third support level at $19.03.
With a market capitalization of $1.53 billion, National Vision Holdings Inc has a total of 78,246K shares outstanding. Its annual sales currently amount to $2,005 million, while its annual income stands at $42,120K. In the previous quarter, the company recorded sales of $532,360K and an income of -73,800K.
As National Vision Holdings Inc continues to make waves in the market, investors eagerly await the company’s future endeavors. With its recent outstanding performance, it is evident that National Vision Holdings Inc remains a force to be reckoned with in the Specialty Retail Industry.
Note: The above article is for informational purposes only and should not be taken as financial advice. Investors should conduct their own research before making any investment decisions.
